On Tuesday, Six Flags Entertainment stock got an upgrade to its Relative Strength (RS) Rating, from 66 to 67.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's unique RS Rating tracks technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves. See if Six Flags Entertainment stock can continue to rebound and hit that benchmark.
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Is Six Flags Entertainment Stock A Buy?
Six Flags Entertainment stock is now considered extended and out of buy range after clearing a 25.63 buy point in a first-stage cup with handle. See if the stock forms a new chart pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
While revenue growth fell last quarter from -5% to -21%, earnings-per-share grew -23%, up from -35% in the prior report. The next quarterly numbers are expected on or around Mar. 2.
Six Flags Entertainment stock earns the No. 32 rank among its peers in the Leisure-Services industry group. Hilton Grand Vacations and Life Time Group Holdings are also among the group's highest-rated stocks.
